Gold slightly rose as traders digested the U.S.-Iran talks.

In early Asian trading, gold edged slightly higher as traders digest the overnight US-Iran talks. Spot gold rose 0.1% to $5,185.27 per ounce. The latest round of Iran nuclear deal negotiations ended on Thursday without an agreement, with significant differences remaining on key issues. The US has increased pressure, making tough demands and deploying more warplanes and ships to the region. Abdelaziz Albogdady of FXEM mentioned in an email that the ongoing tensions in the Middle East and Eastern Europe are fueling risk-off sentiment. He added that this could lead to investment funds flowing into the precious metal.